Nice move today back above the 50 DMA of $6.52. Some resistance in the $5.60s intraday but overall this is a great swing setup and the best looking chart in the sector
Target 1: $6.71
Target 2: $7.05
Target 3: $7.22
$OGI has held the 200DMA as support the last two trading sessions & on July 15th. Hammer candle was put in on 7/29 followed by a bullish engulfing signal today.
OGI current trades at a 10x P/E 2019 revenue and a 3-4x P/E on FY2020 revenue estimates. We see several near-term catalysts for $OGI and feel the stock will benefit immensely once the current industry...